Thursday, February 14, 2008

US Market Summary 13 Feb 08

Dow 12,552.24 +178.83 +1.45%
Nasdaq 2,373.93 +53.89 +2.32%
S&P 500 1,367.21 +18.35 +1.36%

Wall Street moved sharply higher Wednesday after the Commerce Department reported an unexpected increase in retail sales last month and eased some concerns about consumers' willingness to spend despite economic uncertainty.

Asia markets rallied in the first half of the day with Nikkei and TWI breaking new highs. The second half of the trading day would be determining whether we will close with a bullish week ahead as well.

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